📉 $XRP just corrected 14%, now stabilizing at $3.00 after hitting a $3.65 ATH
💰 Market cap still strong at $177.74B, holding #3 rank in crypto
📈 Binance long/short ratio shows 72%+ bullish sentiment
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🔍 Ownership Concentration Raises Eyebrows:
• Only 680 wallets hold 6.4M+ XRP each
• Top 0.1% (6,800 wallets) own at least 360K XRP
⚠️ Result: Whale panic → major long liquidations + sell pressure
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📊 Technical Outlook:
• 📉 Support: $2.80–$2.95
• 📈 Resistance: $3.10–$3.15
• RSI near oversold (80% bearish accuracy)
• Bollinger Bands: Slightly bullish (58.6%)
• MACD: Neutral
🔑 Smart accumulation if XRP holds above $2.80
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🚀 Why Bulls Aren’t Giving Up:
• Institutional AUM up 23% MoM to $947M
• Ripple’s RLUSD stablecoin & EVM sidechain fueling long-term utility
• Top 10% of holders now need just 2,433 XRP
• 77.2% of traders still bullish despite recent whale-driven shakeout